India needs strategic vision
India needs a vision spanning at least a decade if it is to cement its place in the world rather than being the perpetual laggard
M. Visvesvaraya was the visionary dewan of the erstwhile Mysore State. He was a great admirer of the industrial progress made by Japan after 1868. Visvesvaraya believed that the only way India could free itself from the clutches of mass poverty was through rapid industrialization. In 1934, he wrote out a 10-year plan that aimed to double Indian national income in a decade, at a time when the economy had been stagnant for several decades. The crux of his strategy was to treble the amount of capital invested in organized industry.